XYZ (Proprietor) is registered with GST. 1) Owning Sweet and Namkeen Shops and Manufacturing Factory of Sweets and Namkeen. 2) Owning Commercial Premises given on rent. On both activities XYZ is charging GST. Now, the Sweet and Namkeen activity to be converted from Proprietor to Private Limited Company and the Commercial Premises will continue to be in the name of Proprietor. What is the procedure to be followed for this changed scenario?
Menu
Conversion from Proprietor to Pvt. Ltd. Company
Replies (3)
For pvt ltd. company, a new GST registration need to be carried out, while rental income will get assessed in proprietors file.
Both activity will get segregated with 2 GST nos. & even two different PANs..
One pan for propreitor.
one pan for commercial business.
one pan for commercial business.
To execute Article of association,
It to be registered with New pan in the name of company with power of attorney or in the power of MD .
Registered office may chage after starting the company.Till the change to old premises,use temporary address given ,in the new application for pvt ltd company.
It to be registered with New pan in the name of company with power of attorney or in the power of MD .
Registered office may chage after starting the company.Till the change to old premises,use temporary address given ,in the new application for pvt ltd company.
Recent Topics :
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
Related Topics :
CAclubindia
